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500 Basic Needs points
by Steven Skoczen Guide: Support a micro-loan

Steven's action: Support a micro-loan

Contribute to microfinance by lending some amount of money to an entrepreneur in a developing country. While this only addresses one of the many needs in microfinance, these small loans can help get small businesses going in places that need them.
Step 1: Check out a couple of microloan websites read more
Kiva.org is a popular one, but there are more out there. You can check out Microplace.com as well.
Completed on June 18, 2010 at 12:05 a.m.
Step 2: Select a project to support read more
Look around the websites and find a project that you want to support. There are a wide variety of people trying to do all different things. Often people are starting or expanding businesses that provide all sorts of basics to those in their communities. Spend some time finding a project that appeals to you.
Completed on June 18, 2010 at 12:05 a.m.
Step 3: Loan the project some money read more
You'll receive your money back over time as the borrower pays back the loan. You can either take this money back out or put it back into another loan. If you put it back into a new project, you will be able to help out many people or groups with the same initial money.
Completed on June 18, 2010 at 12:05 a.m.
All Done!
Tomo Says:Great Job!
June 18, 2010
Have actually been doing this at Kiva for about six months, but never put it in here. Got the first return on my investment, and payed it forward to a friend - now we're both doing good things!
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